ithaca (ne) e&p limited
ithaca (ne) e&p limited Company Information
Company Number
01483021
Next Accounts
Sep 2025
Shareholders
neptune energy group holdings limited
Group Structure
View All
Industry
Extraction of crude petroleum
+1Registered Address
1 park row, leeds, LS1 5AB
Website
http://engie-ep.co.ukithaca (ne) e&p limited Estimated Valuation
Pomanda estimates the enterprise value of ITHACA (NE) E&P LIMITED at £617.4m based on a Turnover of £297.1m and 2.08x industry multiple (adjusted for size and gross margin).
ithaca (ne) e&p limited Estimated Valuation
Pomanda estimates the enterprise value of ITHACA (NE) E&P LIMITED at £728.7m based on an EBITDA of £153.8m and a 4.74x industry multiple (adjusted for size and gross margin).
ithaca (ne) e&p limited Estimated Valuation
Pomanda estimates the enterprise value of ITHACA (NE) E&P LIMITED at £1.1b based on Net Assets of £889.3m and 1.26x industry multiple (adjusted for liquidity).
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Ithaca (ne) E&p Limited Overview
Ithaca (ne) E&p Limited is a live company located in leeds, LS1 5AB with a Companies House number of 01483021. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in March 1980, it's largest shareholder is neptune energy group holdings limited with a 100% stake. Ithaca (ne) E&p Limited is a mature, mega sized company, Pomanda has estimated its turnover at £297.1m with high growth in recent years.
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Ithaca (ne) E&p Limited Health Check
Pomanda's financial health check has awarded Ithaca (Ne) E&P Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £297.1m, make it larger than the average company (£56.9m)
£297.1m - Ithaca (ne) E&p Limited
£56.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (14.7%)
27% - Ithaca (ne) E&p Limited
14.7% - Industry AVG
Production
with a gross margin of 54.9%, this company has a comparable cost of product (53.2%)
54.9% - Ithaca (ne) E&p Limited
53.2% - Industry AVG
Profitability
an operating margin of 27.9% make it as profitable than the average company (29%)
27.9% - Ithaca (ne) E&p Limited
29% - Industry AVG
Employees
with 217 employees, this is above the industry average (40)
217 - Ithaca (ne) E&p Limited
40 - Industry AVG
Pay Structure
on an average salary of £121.5k, the company has an equivalent pay structure (£124.1k)
£121.5k - Ithaca (ne) E&p Limited
£124.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£1.1m)
£1.4m - Ithaca (ne) E&p Limited
£1.1m - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is later than average (25 days)
53 days - Ithaca (ne) E&p Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (25 days)
44 days - Ithaca (ne) E&p Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is more than average (22 days)
45 days - Ithaca (ne) E&p Limited
22 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ithaca (ne) E&p Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.1%, this is a lower level of debt than the average (66.8%)
19.1% - Ithaca (ne) E&p Limited
66.8% - Industry AVG
ITHACA (NE) E&P LIMITED financials
Ithaca (Ne) E&P Limited's latest turnover from December 2023 is £297.1 million and the company has net assets of £889.3 million. According to their latest financial statements, Ithaca (Ne) E&P Limited has 217 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 297,060,000 | 258,931,000 | 180,744,000 | 144,962,000 | 160,115,000 | 16,365,000 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 134,120,000 | 100,393,000 | 100,200,000 | 99,474,000 | 104,829,000 | 4,205,000 | |||||||||
| Gross Profit | 162,940,000 | 158,538,000 | 80,544,000 | 45,488,000 | 55,286,000 | 12,160,000 | |||||||||
| Admin Expenses | 79,959,000 | ||||||||||||||
| Operating Profit | 82,981,000 | ||||||||||||||
| Interest Payable | 4,476,000 | 3,490,000 | 3,243,000 | 24,499,000 | 28,641,000 | 2,220,000 | |||||||||
| Interest Receivable | 5,008,000 | 1,211,000 | 551,000 | 648,000 | 1,019,000 | 50,000 | |||||||||
| Pre-Tax Profit | 83,513,000 | 130,781,000 | 29,043,000 | 25,487,000 | 58,422,000 | 9,658,000 | |||||||||
| Tax | -27,102,000 | 79,339,000 | -101,566,000 | -122,530,000 | 20,495,000 | 149,820,000 | |||||||||
| Profit After Tax | 56,411,000 | 210,120,000 | -72,523,000 | -97,043,000 | 78,917,000 | 159,478,000 | |||||||||
| Dividends Paid | 50,000,000 | ||||||||||||||
| Retained Profit | 56,411,000 | 210,120,000 | -122,523,000 | -97,043,000 | 78,917,000 | 159,478,000 | |||||||||
| Employee Costs | 26,368,000 | 24,680,000 | 19,726,000 | 19,219,000 | 13,685,000 | 1,289,000 | |||||||||
| Number Of Employees | 217 | 155 | 129 | 120 | 75 | ||||||||||
| EBITDA* | 153,794,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 492,411,000 | 1,366,722,000 | 1,157,243,000 | 1,094,557,000 | 1,322,763,000 | 836,859,000 | |||||||||
| Intangible Assets | 21,573,000 | 68,896,000 | 37,632,000 | 33,117,000 | 24,551,000 | 365,000 | |||||||||
| Investments & Other | 287,209,000 | 2,532,000 | 7,931,000 | 33,917,000 | 9,613,000 | ||||||||||
| Debtors (Due After 1 year) | 435,789,000 | 364,295,000 | 351,091,000 | 445,510,000 | |||||||||||
| Total Fixed Assets | 801,193,000 | 999,829,000 | 830,580,000 | 788,842,000 | 901,804,000 | 837,224,000 | |||||||||
| Stock & work in progress | 16,567,000 | 18,080,000 | 19,593,000 | 7,792,000 | 1,283,000 | 1,271,000 | |||||||||
| Trade Debtors | 43,564,000 | 452,000 | 1,130,000 | 247,000 | 707,000 | 10,936,000 | |||||||||
| Group Debtors | 207,343,000 | 141,600,000 | 76,544,000 | 94,086,000 | 74,336,000 | 640,192,000 | |||||||||
| Misc Debtors | 13,492,000 | 31,869,000 | 75,306,000 | 20,812,000 | 14,404,000 | 4,596,000 | |||||||||
| Cash | |||||||||||||||
| misc current assets | 17,357,000 | 31,432,000 | 18,314,000 | 20,550,000 | 50,884,000 | 3,521,000 | |||||||||
| total current assets | 298,323,000 | 223,433,000 | 190,887,000 | 143,487,000 | 141,614,000 | 660,516,000 | |||||||||
| total assets | 1,099,516,000 | 1,223,262,000 | 1,021,467,000 | 932,329,000 | 1,043,418,000 | 1,497,740,000 | |||||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 16,235,000 | 62,142,000 | 63,270,000 | 3,400,000 | 1,599,000 | 3,410,000 | |||||||||
| Group/Directors Accounts | 15,000 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 37,316,000 | 43,483,000 | 31,511,000 | 34,121,000 | 8,539,000 | ||||||||||
| other current liabilities | 63,408,000 | 233,721,000 | 358,141,000 | 59,658,000 | 73,066,000 | 666,332,000 | |||||||||
| total current liabilities | 116,974,000 | 339,346,000 | 452,922,000 | 97,179,000 | 83,204,000 | 669,742,000 | |||||||||
| loans | 17,758,000 | 54,225,000 | 6,985,000 | 415,151,000 | 421,589,000 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 12,026,000 | 8,141,000 | 27,100,000 | 19,005,000 | |||||||||||
| provisions | 81,218,000 | 151,120,000 | 161,154,000 | 124,792,000 | 114,160,000 | 85,362,000 | |||||||||
| total long term liabilities | 93,244,000 | 93,318,000 | 142,943,000 | 96,481,000 | 491,236,000 | 464,270,000 | |||||||||
| total liabilities | 210,218,000 | 432,664,000 | 595,865,000 | 193,660,000 | 574,440,000 | 1,134,012,000 | |||||||||
| net assets | 889,298,000 | 790,598,000 | 425,602,000 | 738,669,000 | 468,978,000 | 363,728,000 | |||||||||
| total shareholders funds | 889,298,000 | 790,598,000 | 425,602,000 | 738,669,000 | 468,978,000 | 363,728,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 82,981,000 | ||||||||||||||
| Depreciation | 70,813,000 | 60,327,000 | 59,022,000 | 66,608,000 | 61,370,000 | 3,679,000 | |||||||||
| Amortisation | |||||||||||||||
| Tax | -27,102,000 | 79,339,000 | -101,566,000 | -122,530,000 | 20,495,000 | 149,820,000 | |||||||||
| Stock | -1,513,000 | -1,513,000 | 11,801,000 | 6,509,000 | 12,000 | 1,271,000 | |||||||||
| Debtors | -345,311,000 | 92,435,000 | 51,039,000 | -68,721,000 | -120,767,000 | 655,724,000 | |||||||||
| Creditors | -45,907,000 | -1,128,000 | 59,870,000 | 1,801,000 | -1,811,000 | 3,410,000 | |||||||||
| Accruals and Deferred Income | -170,313,000 | -124,420,000 | 298,483,000 | -13,408,000 | -593,266,000 | 666,332,000 | |||||||||
| Deferred Taxes & Provisions | -69,902,000 | -10,034,000 | 36,362,000 | 10,632,000 | 28,798,000 | 85,362,000 | |||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 287,209,000 | -2,532,000 | -5,399,000 | -25,986,000 | 24,304,000 | 9,613,000 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 15,000 | ||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -17,758,000 | -36,467,000 | 47,240,000 | -408,166,000 | -6,438,000 | 421,589,000 | |||||||||
| Hire Purchase and Lease Commitments | -6,167,000 | 11,972,000 | -2,610,000 | 25,582,000 | 8,539,000 | ||||||||||
| other long term liabilities | 12,026,000 | -8,141,000 | -18,959,000 | 8,095,000 | 19,005,000 | ||||||||||
| share issue | |||||||||||||||
| interest | 532,000 | -2,279,000 | -2,692,000 | -23,851,000 | -27,622,000 | -2,170,000 | |||||||||
| cash flow from financing | 30,937,000 | 119,961,000 | -167,565,000 | -31,606,000 | 19,817,000 | 623,669,000 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | |||||||||||||||
| overdraft | |||||||||||||||
| change in cash |
ithaca (ne) e&p limited Credit Report and Business Information
Ithaca (ne) E&p Limited Competitor Analysis
Perform a competitor analysis for ithaca (ne) e&p limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in LS1 area or any other competitors across 12 key performance metrics.
ithaca (ne) e&p limited Ownership
ITHACA (NE) E&P LIMITED group structure
Ithaca (Ne) E&P Limited has no subsidiary companies.
Ultimate parent company
ENI SPA
#0004421
2 parents
ITHACA (NE) E&P LIMITED
01483021
ithaca (ne) e&p limited directors
Ithaca (Ne) E&P Limited currently has 5 directors. The longest serving directors include Mr Odin Estensen (Apr 2022) and Mr Luciano Vasques (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Odin Estensen | Norway | 60 years | Apr 2022 | - | Director |
| Mr Luciano Vasques | England | 62 years | Jan 2024 | - | Director |
| Mrs Julie McAteer | Scotland | 56 years | Oct 2024 | - | Director |
| Mr Iain Lewis | Scotland | 47 years | Oct 2024 | - | Director |
| Mr Yaniv Friedman | England | 50 years | Oct 2024 | - | Director |
P&L
December 2023turnover
297.1m
+15%
operating profit
83m
0%
gross margin
54.9%
-10.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
889.3m
+0.12%
total assets
1.1b
-0.1%
cash
0
0%
net assets
Total assets minus all liabilities
ithaca (ne) e&p limited company details
company number
01483021
Type
Private limited with Share Capital
industry
06100 - Extraction of crude petroleum
06200 - Extraction of natural gas
incorporation date
March 1980
age
45
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
eni energy e&p uk limited (December 2024)
neptune e&p uk limited (June 2024)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
1 park row, leeds, LS1 5AB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
ithaca (ne) e&p limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 8 charges/mortgages relating to ithaca (ne) e&p limited. Currently there are 1 open charges and 7 have been satisfied in the past.
ithaca (ne) e&p limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ITHACA (NE) E&P LIMITED. This can take several minutes, an email will notify you when this has completed.
ithaca (ne) e&p limited Companies House Filings - See Documents
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